Gebroe-Hammer Scores Double Play with $113M Multifamily Deals

SPRINGFIELD AND MORRISTOWN, NJ– Two separate multifamily transactions turned into a record-setting $113.5 million double-play for Gebroe-Hammer Associates. The sale of the properties, which were owned by Forest Realty for more than 40 years, represents one of the state’s largest multi-family transactions recorded in 2015 thus far, and underscores the continued boom in the multifamily market.

Gebroe-Hammer represented Forest Realty in the estate sale of two separate multifamily properties in Springfield and Morristown, N.J. The firm’s brokerage teams, led by managing director Joseph Brecher, also found buyers for Short Hills Village Club (Springfield) and Franklin Manor (Morristown).